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AGNC Investment (AGNCZ) Financials

AGNC Investment logo
$25.39 -0.07 (-0.27%)
Closing price 03:59 PM Eastern
Extended Trading
$25.39 0.00 (0.00%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for AGNC Investment

Annual Income Statements for AGNC Investment

This table shows AGNC Investment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 187 595 733 93 628 -362 649 -1,295 32 731 1,509
Consolidated Net Income / (Loss)		 215 623 771 129 688 -266 749 -1,190 155 863 1,670
Net Income / (Loss) Continuing Operations		 215 623 771 129 688 -266 749 -1,190 155 863 1,670
Total Pre-Tax Income 		215 623 771 129 688 -266 749 -1,190 155 863 1,670
Total Revenue		 354 728 844 229 771 -173 1,229 -1,116 251 973 1,797
Net Interest Income / (Expense)		 1,136 927 769 776 693 845 1,286 965 -246 18 675
Total Interest Income		 1,466 1,321 1,293 1,949 2,842 1,519 1,361 1,590 2,041 2,949 3,523
Investment Securities Interest Income		 1,466 1,321 1,293 1,949 2,842 1,519 1,361 1,590 2,041 2,949 3,523
Total Interest Expense		 330 394 524 1,173 2,149 674 75 625 2,287 2,931 2,848
Long-Term Debt Interest Expense		 330 394 524 1,173 2,149 674 75 625 2,287 2,931 2,848
Total Non-Interest Income		 -782 -199 75 -547 78 -1,018 -57 -2,081 497 955 1,122
Other Service Charges		 0.00 8.00 16 54 - 0.00 0.00 0.00 0.00 0.00 0.00
Net Realized & Unrealized Capital Gains on Investments		 -782 -207 59 -601 78 -1,018 -57 -2,081 497 955 1,122
Total Non-Interest Expense		 139 105 73 100 83 93 88 74 96 110 127
Salaries and Employee Benefits		 0.00 19 42 45 47 56 54 41 62 74 87
Other Operating Expenses		 139 86 31 55 36 37 34 33 34 36 40
Preferred Stock Dividends Declared		 28 28 38 36 60 96 100 105 123 132 161
Basic Earnings per Share		 $0.54 $1.79 $2.04 $0.21 $1.16 ($0.66) $1.23 ($2.41) $0.05 $0.93 $1.48
Weighted Average Basic Shares Outstanding		 348.60M 331.90M 358.60M 441.10M 540.60M 551.60M 528.10M 537M 618.40M 783.40M 1.02B
Diluted Earnings per Share		 $0.54 $1.79 $2.04 $0.21 $1.16 ($0.66) $1.22 ($2.41) $0.05 $0.93 $1.47
Weighted Average Diluted Shares Outstanding		 348.60M 331.90M 358.70M 441.40M 541.40M 551.60M 530M 537M 619.60M 786M 1.02B
Weighted Average Basic & Diluted Shares Outstanding		 348.60M 332.40M 359.30M 442.90M 540.94M 537.90M 522.22M 574.66M 695.02M 900.42M 1.11B
Cash Dividends to Common per Share		 $2.48 $2.30 $2.16 $2.16 $2.00 $1.56 $1.44 $1.44 $1.44 $1.44 $1.44

Quarterly Income Statements for AGNC Investment

This table shows AGNC Investment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -423 381 412 -80 313 86 15 -178 764 908 -192
Consolidated Net Income / (Loss)		 -392 412 443 -48 346 122 50 -140 806 954 -148
Net Income / (Loss) Continuing Operations		 -392 412 443 -48 346 122 50 -140 806 954 -148
Total Pre-Tax Income 		-392 412 443 -48 346 122 50 -140 806 954 -148
Total Revenue		 -587 708 467 -24 42 742 -86 -112 836 995 393
Net Interest Income / (Expense)		 -53 -26 -30 -3.00 -64 115 159 162 148 206 319
Total Interest Income		 593 640 642 695 756 856 846 830 903 944 1,050
Investment Securities Interest Income		 593 640 642 695 756 856 846 830 903 944 1,050
Total Interest Expense		 646 666 672 698 820 741 687 668 755 738 731
Long-Term Debt Interest Expense		 646 666 672 698 820 741 687 668 755 738 731
Total Non-Interest Income		 -534 734 497 -21 106 627 -245 -274 688 789 74
Net Realized & Unrealized Capital Gains on Investments		 -534 734 497 -21 106 627 -245 -274 688 789 74
Total Non-Interest Expense		 23 28 24 24 30 32 28 28 30 41 34
Salaries and Employee Benefits		 14 20 16 15 21 22 19 18 20 30 23
Other Operating Expenses		 9.00 8.00 8.00 9.00 9.00 10 9.00 10 10 11 11
Nonoperating Income / (Expense), net		 218 - - - 334 - 164 - - - -507
Preferred Stock Dividends Declared		 31 31 31 32 33 36 35 38 42 46 44
Basic Earnings per Share		 ($0.68) $0.61 $0.59 ($0.11) $0.39 $0.06 $0.02 ($0.17) $0.73 $0.90 ($0.17)
Weighted Average Basic Shares Outstanding		 622M 618.40M 702.20M 740M 807.20M 783.40M 918.30M 1.02B 1.05B 1.02B 1.12B
Diluted Earnings per Share		 ($0.68) $0.61 $0.59 ($0.11) $0.39 $0.06 $0.02 ($0.17) $0.72 $0.90 ($0.17)
Weighted Average Diluted Shares Outstanding		 622M 619.60M 704.20M 740M 810.10M 786M 921.90M 1.02B 1.06B 1.02B 1.12B
Weighted Average Basic & Diluted Shares Outstanding		 671.11M 695.02M 726.93M 782.46M 885.64M 900.42M 1.02B 1.04B 1.07B 1.11B 1.15B
Cash Dividends to Common per Share		 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36

Annual Cash Flow Statements for AGNC Investment

This table details how cash moves in and out of AGNC Investment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -610 -1,109 81 157 -238 1,042 -799 809 -563 0.00 -29
Net Cash From Operating Activities		 1,428 1,352 1,260 1,113 1,180 1,747 1,540 1,013 -118 86 653
Net Cash From Continuing Operating Activities		 1,428 1,352 1,260 1,113 1,180 1,747 1,540 1,013 -118 86 653
Net Income / (Loss) Continuing Operations		 215 623 771 129 688 -266 749 -1,190 155 863 1,670
Consolidated Net Income / (Loss)		 215 623 771 129 688 -266 749 -1,190 155 863 1,670
Amortization Expense		 408 402 381 356 601 1,082 369 13 201 123 177
Non-Cash Adjustments to Reconcile Net Income		 883 247 -55 607 -65 1,036 468 2,083 -486 -937 -1,096
Changes in Operating Assets and Liabilities, net		 -78 80 163 21 -44 -105 -46 107 12 37 -98
Net Cash From Investing Activities		 4,093 3,201 -11,061 -27,936 -14,218 36,525 3,836 11,188 -14,672 -11,169 -25,864
Net Cash From Continuing Investing Activities		 4,093 3,201 -11,061 -27,936 -14,218 36,525 3,836 11,188 -14,672 -11,169 -25,864
Purchase of Investment Securities		 -82,949 -33,398 -51,940 -65,558 -75,777 -85,147 -67,114 -52,602 -63,115 -41,210 -97,089
Sale and/or Maturity of Investments		 87,610 36,599 40,626 37,622 61,559 121,672 70,950 63,790 48,443 30,041 71,225
Net Cash From Financing Activities		 -6,131 -5,662 9,882 26,980 12,800 -37,230 -6,175 -11,392 14,227 11,083 25,182
Net Cash From Continuing Financing Activities		 -6,131 -5,662 9,882 26,980 12,800 -37,230 -6,175 -11,392 14,227 11,083 25,182
Issuance of Debt		 393,537 219,636 483,516 2,031,463 4,234,972 3,133,008 2,189,555 2,360,328 3,282,218 5,600,336 7,175,107
Issuance of Preferred Equity		 0.00 0.00 315 0.00 617 557 0.00 145 0.00 0.00 334
Issuance of Common Equity		 0.00 0.00 1,238 2,611 190 439 0.00 526 1,085 1,967 1,973
Repayment of Debt		 -398,481 -224,383 -474,219 -2,006,120 -4,221,562 -3,169,886 -2,194,589 -2,371,471 -3,268,071 -5,589,979 -7,150,631
Repurchase of Preferred Equity		 0.00 0.00 -173 0.00 -175 0.00 0.00 0.00 0.00 0.00 0.00
Repurchase of Common Equity		 -285 -116 0.00 0.00 -103 -378 -281 -51 0.00 0.00 0.00
Payment of Dividends		 -902 -799 -795 -974 -1,139 -970 -860 -869 -1,005 -1,241 -1,601
Cash Interest Paid		 215 332 474 1,090 2,097 866 89 557 2,246 2,899 2,793
Cash Income Taxes Paid		 1.00 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Quarterly Cash Flow Statements for AGNC Investment

This table details how cash moves in and out of AGNC Investment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 259 -111 102 33 -120 -15 -53 154 39 -169 615
Net Cash From Operating Activities		 -52 -31 20 -20 7.00 79 192 180 153 128 387
Net Cash From Continuing Operating Activities		 -52 -31 20 -20 7.00 79 192 180 153 128 387
Net Income / (Loss) Continuing Operations		 -392 412 443 -48 346 122 50 -140 806 954 -148
Consolidated Net Income / (Loss)		 -392 412 443 -48 346 122 50 -140 806 954 -148
Amortization Expense		 20 16 37 28 69 -11 39 30 57 51 52
Non-Cash Adjustments to Reconcile Net Income		 319 -461 -498 27 -435 -31 77 282 -679 -776 427
Changes in Operating Assets and Liabilities, net		 1.00 2.00 38 -27 27 -1.00 26 8.00 -31 -101 56
Net Cash From Investing Activities		 -9,943 1,500 582 -7,061 -9,616 4,926 -5,727 -3,444 -5,337 -11,356 -1,995
Net Cash From Continuing Investing Activities		 -9,943 1,500 582 -7,061 -9,616 4,926 -5,727 -3,444 -5,337 -11,356 -1,995
Purchase of Investment Securities		 -41,411 20,104 -10,063 -12,907 -24,328 -18,180 -16,758 -36,979 -21,794 -30,815 -44,915
Sale and/or Maturity of Investments		 31,468 -18,604 10,645 5,846 14,712 23,106 11,031 33,535 16,457 19,459 42,920
Net Cash From Financing Activities		 10,254 -1,580 -500 7,114 9,489 -5,020 5,482 3,418 5,223 11,059 2,223
Net Cash From Continuing Financing Activities		 10,254 -1,580 -500 7,114 9,489 -5,020 5,482 3,418 5,223 11,059 2,223
Issuance of Debt		 991,590 691,494 1,140,681 1,310,144 1,529,278 1,620,233 1,523,750 1,601,066 1,843,761 2,206,530 2,360,629
Issuance of Preferred Equity		 - - 0.00 - - - 0.00 - 334 - 0.00
Issuance of Common Equity		 432 376 241 434 780 512 509 799 309 356 401
Repayment of Debt		 -981,516 -693,178 -1,141,140 -1,303,171 -1,520,251 -1,625,417 -1,518,414 -1,598,053 -1,838,765 -2,195,399 -2,358,356
Repurchase of Preferred Equity		 - - 0.00 - - - 0.00 - - - 0.00
Repurchase of Common Equity		 - - 0.00 - - - 0.00 - - - 0.00
Payment of Dividends		 -252 -272 -282 -293 -318 -348 -363 -394 -416 -428 -451
Cash Interest Paid		 - 2,246 0.00 - - 2,899 0.00 - - 2,793 0.00
Cash Income Taxes Paid		 - - 0.00 - - - 0.00 - - - 0.00

Annual Balance Sheets for AGNC Investment

This table presents AGNC Investment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 57,021 56,880 70,376 109,241 113,082 81,817 68,149 51,748 71,596 88,015 115,077
Cash and Due from Banks		 1,110 1,208 1,046 921 831 1,017 998 1,018 518 505 450
Restricted Cash		 1,281 74 317 599 451 1,307 527 1,316 1,253 1,266 1,292
Trading Account Securities		 51,583 46,054 55,776 83,158 99,382 65,773 54,027 40,998 55,749 67,462 94,744
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Intangible Assets		 0.00 554 551 526 526 526 526 526 526 526 526
Other Assets		 3,047 8,990 12,686 24,037 11,521 13,194 12,071 7,890 13,550 18,159 18,065
Total Liabilities & Shareholders' Equity		 57,021 56,880 70,376 109,241 113,082 81,817 68,149 51,748 71,596 88,015 115,077
Total Liabilities		 49,050 49,524 61,622 99,335 102,041 70,738 57,858 43,878 63,339 78,253 102,684
Short-Term Debt		 42,871 38,114 50,419 77,005 91,742 58,525 47,547 36,663 50,998 60,872 85,485
Other Short-Term Payables		 135 277 379 624 528 90 88 100 115 143 182
Long-Term Debt		 6,044 11,133 10,824 21,706 9,771 11,904 9,823 6,629 10,974 16,740 16,508
Other Long-Term Liabilities		 - - - - - 219 400 486 1,252 498 509
Total Equity & Noncontrolling Interests		 7,971 7,356 8,754 9,906 11,041 11,079 10,291 7,870 8,257 9,762 12,393
Total Preferred & Common Equity		 7,971 7,356 8,754 9,906 11,041 11,079 10,291 7,870 8,257 9,762 12,393
Preferred Stock		 336 336 484 484 932 1,489 1,489 1,634 1,634 1,634 1,968
Total Common Equity		 7,635 7,020 8,270 9,422 10,109 9,590 8,802 6,236 6,623 8,128 10,425
Common Stock		 10,051 9,935 11,177 13,798 13,898 13,977 13,715 14,192 15,288 17,273 19,272
Retained Earnings		 -2,350 -2,518 -2,562 -3,433 -3,886 -5,106 -5,214 -7,284 -8,148 -8,554 -8,524
Accumulated Other Comprehensive Income / (Loss)		 -66 -397 -345 -943 97 719 301 -672 -517 -591 -323

Quarterly Balance Sheets for AGNC Investment

This table presents AGNC Investment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 58,524 66,111 60,518 69,991 71,876 79,685 89,590 95,889 102,021 108,969 118,897
Cash and Due from Banks		 976 975 716 493 505 530 507 455 656 450 493
Restricted Cash		 2,186 1,864 907 1,389 1,368 1,376 1,279 1,263 1,216 1,461 1,864
Trading Account Securities		 44,673 52,326 48,682 56,770 55,888 62,475 70,999 74,031 77,061 82,367 97,300
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Intangible Assets		 526 526 526 526 526 526 526 526 526 526 526
Other Assets		 10,163 10,420 9,687 10,813 13,589 14,778 16,279 19,614 22,471 24,165 18,714
Total Liabilities & Shareholders' Equity		 58,524 66,111 60,518 69,991 71,876 79,685 89,590 95,889 102,021 108,969 118,897
Total Liabilities		 51,302 58,319 52,640 62,541 63,298 71,033 79,934 85,847 91,674 97,525 106,716
Short-Term Debt		 42,806 48,710 44,047 52,888 50,672 57,219 66,356 68,051 69,545 75,464 88,989
Other Short-Term Payables		 92 101 103 109 118 125 134 148 164 170 182
Long-Term Debt		 7,567 8,961 8,057 9,102 12,191 13,319 13,078 17,242 21,365 20,860 17,032
Other Long-Term Liabilities		 837 547 433 442 317 370 366 406 600 1,031 513
Total Equity & Noncontrolling Interests		 7,222 7,792 7,878 7,450 8,578 8,652 9,656 10,042 10,347 11,444 12,181
Total Preferred & Common Equity		 7,222 7,792 7,878 7,450 8,578 8,652 9,656 10,042 10,347 11,444 12,181
Preferred Stock		 1,634 1,634 1,634 1,634 1,634 1,634 1,634 1,634 1,634 1,968 1,968
Total Common Equity		 5,588 6,158 6,244 5,816 6,944 7,018 8,022 8,408 8,713 9,476 10,213
Common Stock		 14,005 14,362 14,472 14,907 15,528 15,968 16,754 17,778 18,585 18,903 19,667
Retained Earnings		 -7,610 -7,674 -7,633 -8,283 -7,990 -8,338 -8,320 -8,872 -9,422 -9,038 -9,123
Accumulated Other Comprehensive Income / (Loss)		 -807 -530 -595 -808 -594 -612 -412 -498 -450 -389 -331

Annual Metrics And Ratios for AGNC Investment

This table displays calculated financial ratios and metrics derived from AGNC Investment's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.54 $1.79 $2.04 $0.21 $1.16 ($0.66) $1.23 ($2.41) $0.05 $0.93 $1.48
Adjusted Weighted Average Basic Shares Outstanding		 346.45M 331.05M 358.60M 441.10M 540.60M 551.60M 528.10M 537M 618.40M 783.40M 1.02B
Adjusted Diluted Earnings per Share		 $0.54 $1.79 $2.04 $0.21 $1.16 ($0.66) $1.22 ($2.41) $0.05 $0.93 $1.47
Adjusted Weighted Average Diluted Shares Outstanding		 346.45M 331.05M 358.70M 441.40M 541.40M 551.60M 530M 537M 619.60M 786M 1.02B
Adjusted Basic & Diluted Earnings per Share		 $0.54 $1.79 $2.04 $0.00 $1.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 348.60M 331.90M 391.32M 536.34M 540.94M 537.90M 522.22M 574.66M 695.02M 900.42M 1.11B
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for AGNC Investment

This table displays calculated financial ratios and metrics derived from AGNC Investment's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 1,108,770,670.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 1,108,770,670.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.13
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -53.26% 127.65% 32.40% -107.77% 164.05% 4.80% -83.30% -366.67% 1,890.48% - 556.98%
EBITDA Growth		 -61.20% 97.73% -33.33% -106.04% 170.34% 0.43% -81.46% -450.00% 965.43% - 648.00%
EBIT Growth		 -51.74% 128.96% 27.86% -116.78% 156.72% 4.41% -88.71% -191.67% 6,616.67% - 414.91%
NOPAT Growth		 -51.74% -26.56% -3.06% -111.75% 181.03% -70.39% -88.71% -191.67% 6,616.67% - 320.44%
Net Income Growth		 41.14% -26.56% 393.38% -116.78% 188.27% -70.39% -88.71% -191.67% 132.95% - -396.00%
EPS Growth		 48.09% -42.45% 290.32% -125.58% 157.35% -90.16% -96.61% -54.55% 84.62% - -950.00%
Operating Cash Flow Growth		 -123.01% -132.98% -23.08% 67.21% 113.46% 354.84% 860.00% 1,000.00% 2,085.71% - 101.56%
Free Cash Flow Firm Growth		 -220.48% -209.35% -14,944.23% -3,046.65% -57.30% 8.24% -330.79% -15.19% 8.99% - 5.80%
Invested Capital Growth		 20.57% 37.27% 9.13% 32.02% 28.30% 24.55% 33.45% 27.87% 20.97% - 23.99%
Revenue Q/Q Growth		 -289.97% 220.61% 91.08% 80.17% 1,666.67% 97.34% -89.49% -243.59% 846.43% - -60.50%
EBITDA Q/Q Growth		 -278.25% 217.97% 92.11% 81.48% 2,175.00% 68.43% -87.27% -223.60% 884.55% - -59.10%
EBIT Q/Q Growth		 -313.29% 211.48% 89.52% 66.90% 820.83% 105.20% -92.96% -380.00% 675.71% - -62.37%
NOPAT Q/Q Growth		 -249.30% 196.49% -135.19% 76.83% 1,129.76% -64.74% -59.02% -296.00% 922.45% - -73.66%
Net Income Q/Q Growth		 -237.06% 205.10% 7.52% -110.84% 820.83% -64.74% -59.02% -380.00% 675.71% - -115.51%
EPS Q/Q Growth		 -258.14% 189.71% -3.28% -118.64% 454.55% -84.62% -66.67% -950.00% 523.53% - -118.89%
Operating Cash Flow Q/Q Growth		 14.75% 40.38% 164.52% -200.00% 135.00% 1,028.57% 143.04% -6.25% -15.00% - 202.34%
Free Cash Flow Firm Q/Q Growth		 -1,979.33% -52.01% 67.18% -214.25% -0.32% 11.33% -39.30% 7.04% 19.37% - 13.21%
Invested Capital Q/Q Growth		 15.77% 1.14% 1.73% 10.85% 12.50% -1.82% 8.99% 6.21% 6.43% - 3.34%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 0.00% 98.31% 0.00% 0.00% 110.37% 94.20% 114.10% 0.00% 103.23% - 104.58%
EBIT Margin		 0.00% 96.05% 0.00% 0.00% 92.02% 95.69% 64.10% 0.00% 96.41% - 91.35%
Profit (Net Income) Margin		 0.00% 58.19% 0.00% 0.00% 92.02% 16.44% 64.10% 0.00% 96.41% - -37.66%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Interest Burden Percent		 64.26% 60.59% -305.52% 100.00% 100.00% 17.18% 100.00% 100.00% 100.00% - -41.23%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.24% 0.00% 0.00% 0.00% 0.20% 0.45% 0.00% 1.26% - 1.36%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.24% 0.00% 0.00% 0.00% 0.20% 0.45% 0.00% 1.26% - 0.95%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 1.57% 0.00% 0.00% 0.00% 1.57% 3.57% 0.00% 10.53% - 8.14%
Return on Equity (ROE)		 4.14% 1.81% 9.15% 5.02% 13.48% 1.78% 4.02% 0.00% 11.79% - 9.50%
Cash Return on Invested Capital (CROIC)		 -18.17% -31.16% -11.44% -27.01% -23.34% -20.77% -28.09% -24.04% -18.12% - -20.04%
Operating Return on Assets (OROA)		 0.00% 0.39% 0.00% 0.00% 0.00% 1.17% 0.45% 0.00% 1.25% - 1.94%
Return on Assets (ROA)		 0.00% 0.24% 0.00% 0.00% 0.00% 0.20% 0.45% 0.00% 1.25% - -0.80%
Return on Common Equity (ROCE)		 3.22% 1.44% 7.32% 4.03% 10.91% 1.45% 3.32% 0.00% 9.78% - 7.96%
Return on Equity Simple (ROE_SIMPLE)		 4.08% 0.00% 8.73% 4.80% 11.94% 0.00% 4.68% 3.65% 7.32% - 12.08%
Net Operating Profit after Tax (NOPAT)		 -427 412 -145 -34 346 122 50 -98 806 - 251
NOPAT Margin		 0.00% 58.19% 0.00% 0.00% 92.02% 16.44% 64.10% 0.00% 96.41% - 63.94%
Net Nonoperating Expense Percent (NNEP)		 -0.06% 0.00% -0.98% 0.02% 0.00% 0.00% 0.00% 0.05% 0.00% - 0.42%
SG&A Expenses to Revenue		 0.00% 2.82% 0.00% 0.00% 5.59% 2.97% 24.36% 0.00% 2.39% - 5.85%
Operating Expenses to Revenue		 0.00% 3.95% 0.00% 0.00% 7.98% 4.31% 35.90% 0.00% 3.59% - 8.65%
Earnings before Interest and Taxes (EBIT)		 -610 680 -145 -48 346 710 50 -140 806 - 359
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -590 696 -108 -20 415 699 89 -110 863 - 411
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.83 0.85 0.91 0.98 1.01 0.99 1.01 1.06 1.06 - 1.08
Price to Tangible Book Value (P/TBV)		 0.92 0.92 0.98 1.06 1.08 1.06 1.08 1.13 1.13 - 1.14
Price to Revenue (P/Rev)		 0.00 22.34 0.00 0.00 0.00 8.28 14.58 18.67 7.81 - 4.83
Price to Earnings (P/E)		 26.49 175.26 10.11 23.63 7.88 11.03 25.48 39.24 14.67 - 8.45
Dividend Yield		 18.01% 17.23% 15.29% 15.27% 13.94% 15.82% 15.23% 15.87% 14.89% - 14.52%
Earnings Yield		 3.78% 0.57% 9.89% 4.23% 12.69% 9.07% 3.92% 2.55% 6.82% - 11.84%
Enterprise Value to Invested Capital (EV/IC)		 0.96 0.96 0.97 0.97 0.98 0.98 0.98 0.99 0.99 - 0.99
Enterprise Value to Revenue (EV/Rev)		 0.00 268.70 0.00 0.00 0.00 88.00 160.48 201.48 82.52 - 51.24
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 189.45 0.00 0.00 0.00 86.84 157.51 197.89 82.72 - 49.99
Enterprise Value to EBIT (EV/EBIT)		 0.00 435.12 0.00 0.00 0.00 99.22 199.41 264.37 90.83 - 54.42
Enterprise Value to NOPAT (EV/NOPAT)		 219.04 435.12 0.00 185.83 75.77 99.22 199.41 264.37 127.04 - 79.23
Enterprise Value to Operating Cash Flow (EV/OCF)		 9,512.76 0.00 0.00 0.00 0.00 995.68 363.26 218.19 176.25 - 137.54
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 8.32 7.51 7.33 8.15 8.23 7.96 8.49 8.79 8.42 - 8.70
Long-Term Debt to Equity		 1.22 1.33 1.42 1.54 1.35 1.71 1.72 2.06 1.82 - 1.40
Financial Leverage		 7.66 6.53 7.36 7.42 8.27 7.75 7.96 8.50 8.33 - 8.61
Leverage Ratio		 8.76 7.65 8.43 8.48 9.33 8.86 9.01 9.56 9.41 - 9.67
Compound Leverage Factor		 5.63 4.63 -25.75 8.48 9.33 1.52 9.01 9.56 9.41 - -3.98
Debt to Total Capital		 89.27% 88.24% 87.99% 89.07% 89.16% 88.84% 89.47% 89.78% 89.38% - 89.69%
Short-Term Debt to Total Capital		 76.16% 72.62% 70.93% 72.26% 74.48% 69.70% 71.38% 68.68% 70.02% - 75.29%
Long-Term Debt to Total Capital		 13.11% 15.63% 17.06% 16.82% 14.68% 19.14% 18.09% 21.10% 19.36% - 14.41%
Preferred Equity to Total Capital		 2.35% 2.33% 2.29% 2.06% 1.83% 1.87% 1.71% 1.61% 1.83% - 1.66%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 8.38% 9.43% 9.72% 8.86% 9.00% 9.29% 8.82% 8.60% 8.79% - 8.64%
Debt to EBITDA		 -75.32 174.08 -36.23 -33.82 -73.48 78.81 143.35 180.02 74.84 - 45.44
Net Debt to EBITDA		 -73.04 169.10 -35.15 -32.90 -71.83 77.01 140.46 176.31 73.36 - 44.43
Long-Term Debt to EBITDA		 -11.06 30.83 -7.03 -6.38 -12.10 16.98 28.98 42.31 16.21 - 7.30
Debt to NOPAT		 203.91 399.82 -33.93 169.97 68.89 90.04 181.47 240.50 114.95 - 72.03
Net Debt to NOPAT		 197.72 388.39 -32.91 165.38 67.34 87.99 177.82 235.55 112.66 - 70.42
Long-Term Debt to NOPAT		 29.94 70.80 -6.58 32.09 11.34 19.40 36.69 56.52 24.89 - 11.57
Noncontrolling Interest Sharing Ratio		 22.27% 20.26% 19.96% 19.77% 19.10% 18.14% 17.55% 0.00% 17.07% - 16.21%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -12,272 -18,655 -6,123 -19,242 -19,304 -17,117 -23,844 -22,165 -17,872 - -22,616
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Free Cash Flow to Firm to Interest Expense		 -19.00 -28.01 -9.11 -27.57 -23.54 -23.10 -34.71 -33.18 -23.67 - -30.94
Operating Cash Flow to Interest Expense		 -0.08 -0.05 0.03 -0.03 0.01 0.11 0.28 0.27 0.20 - 0.53
Operating Cash Flow Less CapEx to Interest Expense		 -0.08 -0.05 0.03 -0.03 0.01 0.11 0.28 0.27 0.20 - 0.53
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 - 0.02
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 69,440 70,229 71,441 79,190 89,090 87,468 95,335 101,257 107,768 - 118,202
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 - 0.02
Increase / (Decrease) in Invested Capital		 11,845 19,067 5,978 19,208 19,650 17,239 23,894 22,067 18,678 - 22,867
Enterprise Value (EV)		 66,589 67,443 68,944 77,119 87,364 85,629 93,721 99,932 106,457 - 116,631
Market Capitalization		 4,847 5,608 6,320 6,853 8,082 8,060 8,512 9,260 10,076 - 10,999
Book Value per Share		 $9.60 $9.87 $9.89 $9.65 $10.25 $9.18 $9.34 $8.54 $9.10 - $9.21
Tangible Book Value per Share		 $8.73 $9.09 $9.14 $8.93 $9.58 $8.58 $8.75 $8.02 $8.59 - $8.74
Total Capital		 69,440 70,229 71,441 79,190 89,090 87,468 95,335 101,257 107,768 - 118,202
Total Debt		 61,990 61,972 62,863 70,538 79,434 77,706 85,293 90,910 96,324 - 106,021
Total Long-Term Debt		 9,102 10,974 12,191 13,319 13,078 16,740 17,242 21,365 20,860 - 17,032
Net Debt		 60,108 60,201 60,990 68,632 77,648 75,935 83,575 89,038 94,413 - 103,664
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 -35 0.00 -588 14 0.00 0.00 0.00 42 0.00 - 399
Net Nonoperating Obligations (NNO)		 61,990 61,972 62,863 70,538 79,434 77,706 85,293 90,910 96,324 - 106,021
Total Depreciation and Amortization (D&A)		 20 16 37 28 69 -11 39 30 57 - 52
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.68) $0.61 $0.59 ($0.11) $0.39 $0.06 $0.02 ($0.17) $0.73 $0.90 ($0.17)
Adjusted Weighted Average Basic Shares Outstanding		 622M 618.40M 702.20M 740M 807.20M 783.40M 918.30M 1.02B 1.05B 1.02B 1.12B
Adjusted Diluted Earnings per Share		 ($0.68) $0.61 $0.59 ($0.11) $0.39 $0.06 $0.02 ($0.17) $0.72 $0.90 ($0.17)
Adjusted Weighted Average Diluted Shares Outstanding		 622M 619.60M 704.20M 740M 810.10M 786M 921.90M 1.02B 1.06B 1.02B 1.12B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 671.11M 695.02M 726.93M 782.46M 885.64M 900.42M 1.02B 1.04B 1.07B 1.11B 1.15B
Normalized Net Operating Profit after Tax (NOPAT)		 -427 288 -102 -34 242 85 35 -98 564 - 251
Normalized NOPAT Margin		 0.00% 40.73% 0.00% 0.00% 64.41% 11.51% 44.87% 0.00% 67.49% - 63.94%
Pre Tax Income Margin		 0.00% 58.19% 0.00% 0.00% 92.02% 16.44% 64.10% 0.00% 96.41% - -37.66%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.94 1.02 -0.22 -0.07 0.42 0.96 0.07 -0.21 1.07 - 0.49
NOPAT to Interest Expense		 -0.66 0.62 -0.22 -0.05 0.42 0.16 0.07 -0.15 1.07 - 0.34
EBIT Less CapEx to Interest Expense		 -0.94 1.02 -0.22 -0.07 0.42 0.96 0.07 -0.21 1.07 - 0.49
NOPAT Less CapEx to Interest Expense		 -0.66 0.62 -0.22 -0.05 0.42 0.16 0.07 -0.15 1.07 - 0.34
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 316.12% 648.39% 140.05% 264.82% 101.04% 143.80% 281.28% 376.46% 181.50% - 114.74%
Augmented Payout Ratio		 316.12% 648.39% 140.05% 264.82% 101.04% 143.80% 281.28% 376.46% 181.50% - 114.74%

Financials Breakdown Chart

Key Financial Trends

AGNC Investment’s latest results show a sharp turnaround in earnings, but the business still relies heavily on leverage and market-sensitive portfolio gains. In Q1 2026, the company posted a net loss, reversing the strong profit it generated in late 2025. At the same time, book-like balance sheet items continued to expand, with assets and debt both rising. For retail investors, the key takeaway is that AGNC remains a high-yield mortgage REIT where quarterly results can swing dramatically with interest rates, asset valuations, and hedging outcomes.

  • Q1 2026 operating cash flow was strong at $387 million, up from $128 million in Q4 2025 and above prior-year levels, showing the core cash engine remained solid.
  • The company generated $615 million of net cash in Q1 2026, helped by large financing inflows and relatively stable liquidity.
  • Total revenue in Q1 2026 reached $393 million, with $319 million of net interest income and $74 million of capital gains contributing to results.
  • AGNC continued to pay its dividend, with $0.36 per share of common dividends declared in Q1 2026.
  • Book equity expanded over the long term, with total equity and noncontrolling interests rising to $12.2 billion in Q1 2026 from $7.8 billion in Q1 2023.
  • The company’s asset base also grew meaningfully, reaching $118.9 billion in Q1 2026 versus $66.1 billion in Q1 2023, reflecting continued portfolio expansion.
  • AGNC remains highly leveraged, with $106.7 billion of total liabilities against $12.2 billion of equity in Q1 2026.
  • Short-term debt remains the dominant liability, totaling $88.99 billion in Q1 2026, which underscores sensitivity to funding markets and rate changes.
  • Q1 2026 reported a $148 million net loss, compared with a $954 million profit in Q4 2025, showing how quickly results can reverse.
  • Net interest income weakened sharply from $206 million in Q4 2025 to $319 million in Q1 2026 after a very strong capital-gains-heavy prior quarter, but nonoperating losses pushed the company back into the red.

Longer-term trend: AGNC’s quarterly earnings have been highly volatile over the last four years. In 2023, the company moved from deep losses in early quarters to much stronger results by year-end. In 2024 and 2025, profitability improved again, but the gains were inconsistent and often depended on investment mark-to-market swings rather than just spread income. That pattern continued in Q1 2026, where the business produced healthy operating cash flow but still posted a net loss.

Balance sheet trend: AGNC’s balance sheet has expanded substantially since 2023, with both assets and liabilities rising alongside its securities portfolio. Equity has also increased, which is helpful, but the firm still operates with substantial leverage. That is typical for a mortgage REIT, yet it means shareholders should expect dividend stability and earnings to remain very dependent on interest-rate conditions, asset pricing, and financing spreads.

Bottom line: AGNC continues to generate sizable cash flow and supports a meaningful dividend, but its earnings remain uneven. Investors should view the stock as income-oriented and rate-sensitive rather than consistently growth-oriented.

06/05/26 09:23 PM ETAI Generated. May Contain Errors.

AGNC Investment Financials - Frequently Asked Questions

According to the most recent income statement we have on file, AGNC Investment's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

AGNC Investment's net income appears to be on an upward trend, with a most recent value of $1.67 billion in 2025, rising from $215 million in 2015. The previous period was $863 million in 2024.

Over the last 10 years, AGNC Investment's total revenue changed from $354 million in 2015 to $1.80 billion in 2025, a change of 407.6%.

AGNC Investment's total liabilities were at $102.68 billion at the end of 2025, a 31.2% increase from 2024, and a 109.3% increase since 2015.

In the past 10 years, AGNC Investment's cash and equivalents has ranged from $450 million in 2025 to $1.21 billion in 2016, and is currently $450 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:AGNCZ last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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